WebWithout this journal entry, the $19,000, which is the wrong amount, will still be included on the balance sheet of the company ABC. Example 2: For another example, on October 31, the company XYZ receives a $5,000 cash refund from its supplier for the defective goods that it has returned back to the supplier. Web6 Apr 2024 · As airlines navigate the unfamiliar territory of mass flight cancellations during the pandemic, they’ve relied heavily on vouchers. But, as we’ve recommended, it’s better to let the airline cancel your flight first, then request (or demand) a cash refund via email or phone. But what if you’ve already accepted (or were automatically credited) a flight […]
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